Facts

•  Rapidly expanding electronic security market; a market whose current size exceeds $25 billion.

•  The security industry has become a stronghold industry in today’s economy, as it is always a needed product  and service. Unlike cyclical businesses that depend on a healthy economy to succeed, the security industry is an opportunity that is ripe all year long. No matter the state of economy, there is always a need for security.

•  The security industry is a $200-billion-per-year industry & still growing.

•  Revenue generated by companies specializing in the installation and maintenance of residential & commercial security systems increased 9% in 2006 to $25.9 billion, up from $23.8 billion in 2005 and $22 billion in 2004.

•  The number of new security systems installed in 2006 (the most recent information available) was 2.9 million, the highest level since 2001. The total monitored population increased to 32.1 million in 2006.

•  The net attrition rate for residential accounts at the typical security company is 6% per year, while the attrition rate for commercial accounts averages 5% annually.

Did you know...

•  Burglaries occur every 15 seconds, and yet 89% of all households do not have alarm systems.
 

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